HSA Foods Yemen | Accountability Console
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HSA Foods Yemen

Sectors

Manufacturing

Description:

Projects in this Sector: 44

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Issues Raised

Due diligence

Description:

Projects with this Issue Raised: 456

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Environmental

Description:

Projects with this Issue Raised: 366

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Pollution

Description:

Projects with this Issue Raised: 219

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Property damage

Description:

Projects with this Issue Raised: 154

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Project Information

Investment ID: 43466

Bank: IFC/MIGA

Environmental Category: B

Country: Yemen

Region: Middle East and North Africa

Approval Date: None

Investment Types: Loans

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

IFC has an active investment of US$75 million in Hayel Saaed Anam Groupâ processing operations in Yemen (HSA Foods). According to HSA Groupâ website, HSA Foods is part of the Groupâ manufacturing activities and produces necessity foods such as flour, sugar and dairy products. It is comprised of six Yemeni companies: i) National Dairy and Food Company Taiz; ii) National Dairy and Food Company Hodaida; iii) Yemen Company for Sugar Refining; iv) Yemen Company for Flour Mills and Silos Aden; v) Yemen Company for Flour Mills and Silos Al Hodaida; and vi) Al Hodaida Flour Mills Co. Limited. IFC investment will be directed to finance the permanent working capital needs of HSA Foods. IFC has also engaged in associated advisory services in two key areas: i) energy and water efficiency solutions, and ii) gender diversity.

Investments

Investment Type ID Amount Status Bank Client
Loans 43466 USD 75.0 million Planned IFC Hayel Saaed Anam Group (HSA Foods)

Related Complaints

IFC/MIGA CAO Complaints IAM Country Date Filed Status
HSA Foods-01/Ras-Isa IFC CAO Yemen 05/04/2021 Closed With Outputs

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Hayel Saaed Anam Group (HSA Foods)